Gold prices rose by Rs 14 to Rs 28,075 per 10 grams in futures trading today as speculators enlarged their positions amid a firming trend overseas.
At the Multi Commodity Exchange, gold for delivery in far-month April rose by Rs 14, or 0.05 per cent to Rs 28,075 per 10 grams in a business turnover of one lot.
Similarly, the yellow metal for delivery in February was trading higher by Rs 9, or 0.03 per cent to Rs 28,060 per 10 grams in 88 lots.
Analysts said, a firming trend in the global markets as weakness in the dollar raised demand for the precious metal as a safe haven investment, mainly influenced gold prices at futures trade here.
Globally, gold rose as much as 0.43 per cent to USD 1,185.90 an ounce in Singapore.
Disclaimer: No Business Standard Journalist was involved in creation of this content
